Cryptostreet

  Thailand's securities regulator has announced strict measures against the technology head of crypto exchange Bitkub. He is said to have bought Bitkub Coin (KUB) with insider information. In an announcement Tuesday , Thailand's securities regulator said it had fined Bitkub's chief technology officer Samret Wajanasathian the equivalent of around $234,000 and banned him from working as an executive at a crypto company for a year. The regulator accuses Wajanasathian of acquiring around $61,000 worth of KUB tokens ahead of an announced deal with Siam Commercial Bank. The bank was to acquire a 51 percent stake in the crypto exchange . As a result of this news, the KUB price has risen by 101 percent. "Wajanasathian purchased KUB coins as someone who knew or possessed inside information, thereby committing a criminal offense," according to the SEC. Thailand's SEC said Wajanasathian still had to sign a consent form before the ban could take effect. This position at B...

  According to the Watch The Burn platform , a total of over 2.6 million ETH have been burned so far. According to the current exchange rate, the equivalent value is over 4 billion US dollars. The hard fork “London” implemented in August 2021 brought about a change in the fee policy in the Ethereum network. Accordingly, the transaction fees no longer go to the miners, but are destroyed and taken out of circulation. The consensus shift from Proof of Work to Proof of Stake on the Ethereum network – the “merge” – is scheduled to take place in mid-September. This should reduce the new issuance of ETH by around 90 percent . While new ethers are distributed every 13.5 seconds with Proof of Work, this only takes place every 6.4 minutes with Proof of Stake. My Top Picks Honeygain - Passive earner that pays in BTC or PayPal M andalaExchange - The Best no KYC crypto Exchange! BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends! Pipeflare - Faucet that pays in ZCash and Matic...

  Bitcoin , the Proof-of-Work (PoW) blockchain, depends on its mining process to ensure the security and stability of its network. This includes the activities of miners who use special mining machines (ASICS) and electricity to verify transactions. Over the years, mining has attracted various companies, especially when Bitcoin's price was high. BTC mining difficulty and network hash rate play a major role in block rewards. According to a recent report, the BTC mining difficulty will make a new 7-month high this week. The BTC mining diffculty adjustment occurs every 2,016 blocks. However, the network has seen a reduction in this value over the years, particularly during the summer months. The ban on mining in countries like Iran and China due to high energy consumption also contributed to this decline. Adjusting the Bitcoin mining difficulty is crucial for the functionality of the network. Because it defines the ease or difficulty of the mining process in the network based on the n...

  The ban on the Tornado Cash mixing service by the US Treasury Department continues to raise many questions in the crypto cosmos. For some, the sanction is seen as an intrusion into privacy . Another debate has now flared up in the Ethereum community, in which the danger of increasing centralization of the Ethereum blockchain has come to the fore. Ethereum's resistance to censorship is subsequently questioned. Ethereum 2.0: Censorship at the protocol level? Fear of violating U.S. Treasury Department sanctions drove some developers and other crypto sector figures to cut all ties with Tornado Cash and clearly distance themselves from the platform. Wallets that interacted with the Tornado Cash protocol, for whatever purpose, lost access to much of the Ethereum infrastructure. Stablecoin operators also shut down funds, drawing attention to the huge influence of centralized stablecoin companies in the Ethereum ecosystem . A short time later, it was revealed that Ethermine, the largest ...

 As part of the “ HIP 70 ” ( Helium Improvement Proposal 70), the developers of the network propose to switch from their own blockchain to Solana (SOL). This would initiate a fundamental change. Helium aims to develop an extensive IoT (Internet of Things) network. You can read here exactly how this works and how you could benefit from it . With the proposal, the developers aim to improve Helium's "network speed, reliability and scalability". "After extensive consideration, discussion, and debate, the Helium core developers, with support from the Helium Foundation and other key stakeholders, have proposed that the Helium network be migrated to the Solana blockchain," reads a blog post . However, Solana recently caused a stir with some negative headlines. In addition to several network failures , the Layer 1 blockchain was recently the victim of a hack and has to go to court . We have explained exactly how Solana works here . How the community ultimately decides r...